If the Marginal Propensity to Save Is 1/8,the Value of the Simple

question 24

Multiple Choice

If the marginal propensity to save is 1/8,the value of the simple multiplier is

• A)8
• B)1/8
• C)2
• D)1/2
• E)4

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Definitions:

Operant Conditioning

A method of learning that uses rewards and punishments to influence behavior.

Observational Learning

A learning process through watching others, retaining the information, and later replicating the behaviors that were observed.

Models

Representations, often simplified or idealized, used to explain, predict, or simulate complex systems or behaviors.

Real-world Concerns

Issues or problems that affect individuals, communities, or societies in practical, everyday life rather than theoretical contexts.